Verisk Data News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Ford, Lincoln Offer Usage-Based Insurance Photo: Lincoln With so many folks driving less these days, usage-based insurance policies for drivers make more sense than ever. Ford Motor Company and Lincoln Motor Company are coming to the rescue by offering driver-friendly policies and leveraging connected vehicle technology. Ford announced in December that it’s partnering up with a handful of major insurance providers to offer usage-based insurance policies. So far, the automaker has agreements in place with Allstate, Liberty Mutual, Metromile, State Farm, and Verisk Data Exchange. Ford says th...

Auto can now be delivered in a single transaction. These platforms can work in tandem to help insurers streamline the UBI buying experience, improving speed to bind, conversion rates, and the customer experience. Modern insurance buyers value an expedited quote flow and intuitive online application process. To help insurers meet their customers’ evolving expectations, Verisk’s new solution shortens application questionnaires and allows for the calculation of UBI discounts at point of quote, without upfront driving observation periods. “Many modern UBI programs use driving behaviors as...